TITLE

Recession Deep, Recovery Slow

PUB. DATE
April 2009
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Apr2009, Vol. 16 Issue 4, p10
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents an economic outlook for Estonia for 2009. Economic declines accelerated in the fourth quarter of 2008 with real gross domestic product contracting by 9.4%. Such decline is attributed to the capital crisis facing the country and the entire Baltic region. Unemployment is set to rise and sharp reductions in productivity and output are expected as a result of worsening external credit for the economy.
ACCESSION #
36963853

 

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